Immutable has officially launched the distribution of END Token with a total supply of 500 million, of which 31.1% is initially circulating.

Users who have taken a snapshot can start requesting their Tokens, with the first quarter rewards being airdropped before the official trading launch on July 7.

MAIN CONTENT

  • Immutable launches the Token Generation Event (TGE) for END Token in July 2024.

  • The total supply of END Token is 500 million, with 31.1% of this circulating initially.

  • Token allocation primarily for community rewards and the development team.

When did Immutable release END Token and what important steps were included?

According to an official announcement from Immutable on platform X on July 5, 2024, they have implemented the Token Generation Event for END Token.

Users who have taken a snapshot can request to receive Tokens immediately, with the first quarter rewards being distributed via airdrop, before the official trading function begins on July 7, 2024. The team will send a notice 48 hours in advance to prepare for trading.

"The launch of END Token marks a new milestone in the Immutable ecosystem, allowing the community to access rewards early and increase liquidity."
CEO of Immutable, July 2024

How is the total supply and allocation structure of END Token?

Data from Token economics shows that the total supply of END Token is 500 million, of which 155.5 million Tokens (31.1%) are initially circulating to promote liquidity and trading.

The majority of the Tokens are used for community rewards at a rate of 32.45%, followed by the development team (20%), ecosystem fund (10%), and airdrop accounting for 17.5%.

Token Allocation Percentage (%) Number of Tokens (million END) Community Rewards 32.45 162.25 Development Team 20 100 Ecosystem Fund 10 50 Airdrop 17.5 87.5 Community 32.45 162.25

What impact does the release of END Token have on the community and investors?

Providing END Token through airdrop and large allocation for the community helps increase engagement and promote the development of the Immutable ecosystem.

The launch of Token trading ensures liquidity and allows users to trade easily and transparently.

"The distribution of Tokens through a clear mechanism and roadmap helps establish long-term trust from investors and the community."
Blockchain finance expert, 2024

Frequently Asked Questions

What is END Token and what are its outstanding features? END Token belongs to the Immutable ecosystem, focusing on developing community rewards and increasing safe and transparent trading capabilities. How can users request to receive Tokens? Users who have taken a snapshot can directly request Tokens through the announced distribution platform. When does END Token start trading? Token trading is expected to launch on July 7, 2024, with a 48-hour notice. What percentage of the Token allocation is designated for the development team? Tokens for the development team account for 20% of the total supply, ensuring sustainable project development. How will the first quarter rewards be distributed? The first quarter rewards will be distributed through an airdrop before the Token trading function officially operates.

Source: https://tintucbitcoin.com/end-token-immutable-mo-tge-nhan-ngay/

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